Scheme protects deposits from FX depreciation Adopted in 2021 to halt lira crash After Uturn, Ankara wants to wind it down Bankers, data suggest most returned to dollars in Aug ISTANBUL, Sept 4 Reuters Turkish depositors mostly converted funds back to dollars last month when they withdrew from state depreciationprotected accounts, according to initial data […]

LONDON, Sept 4 Reuters The safehaven dollar fell on Monday as risk sentiment improved on hopes China39;s policy stimulus might stabilise the economy, while U.S. jobs data boosted bets the Federal Reserve could be at the end of its rate hike cycle. With U.S. markets closed on Monday, liquidity is likely to be thin and […]

SP 500 futures up 0.20.3 Trade thin with U.S. markets on holiday Oil, gold edge up as dollar flags LONDON, Sept 4 Reuters Global shares rose on Monday, lifted by a growing expectations that the Federal Reserve will not raise interest rates again, and by hopes that China39;s steady drip feed of policy stimulus might […]

PREVIOUS TRADING DAY EVENTS 01 September 2023 U.S. nonfarm payrolls surprised by the upside 187k vs. 170k. However, the previous three months data revised sharply lower, close to 100K suggesting that the 525 basis point interest rate hike is finally softening the U.S. labour market. The U.S. unemployment rate rose to an 18month high of […]

MUMBAI, Sept 4 Reuters The Indian rupee is likely to open little changed on Monday after a soft U.S. jobs report reinforced expectations that the Federal Reserve will not hike interest rates anymore, but the dollar still managed to rally. Nondeliverable forwards NDF indicate rupee will open at around Friday39;s level of 82.7150. It39;s a […]

LONDON, Sept 4 Reuters The pound rose on Monday, but remained in sight of August39;s twomonth lows, as traders continued to weigh up the outlook for sterling, which analysts think could be at risk for more weakness over the course of this month. Data on Friday showed the U.S. economy generated more jobs than expected […]